MARKET TREND - ROARING STOCKS:
Yesterday
also Market moved as per our expectations. Market as usual volatile
as it suppose to be in view of rollovers and profit booking from
present series. FIIs are Net Buyers in Equity and Index Futures segment
381.66 cr and 638.59 cr respectively. FIIs have added 33221 Longs and 16996 Shorts by increasing 50217 contracts.
PCR has been reduced by 0.05 pts and closed at 0.95. Market Breadth has
been continued its weakness. Derivatives OI range has been continued
between 7700-8000. As we mentioned yesterday, Nifty present series
likely to close between 7750-7800. This series has good resistance
levels at 7800/7825 and support at 7700/7720 levels.
Today
Nifty likely to open flat in line with peer markets and likely to get
support from 7730/7720 and go volatile. Movement traders can do for
trades with strict SL as per their bearing capacity.
NIFTY SPOT LEVELS:
Pivot: 7765
Resistance: 7825/7857/7915
Support: 7733/7675/7642
NIFTY FnO BAN:
GMR INFRA, HDIL, JAIPRAKASH
STOCKS FOR DAY:
BHARATFORGE EQ: BUY > 715/717 TRG 730/740 SL 707
TATASTEEL EQ: SELL < 545 TRG 539/530 SL 553
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